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andolfatto.blogspot.com | ||
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johnhcochrane.blogspot.com
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| | | | | [AI summary] An economist proposes a counterintuitive model suggesting that raising nominal interest rates and holding them steady could generate inflation, contrasting with standard monetary policy lore. | |
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digbysblog.net
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| | | | | [AI summary] The article discusses the U.S. economy's strong post-pandemic recovery, highlighting its outperformance compared to other major economies and the effectiveness of fiscal policy over monetary policy in economic management. | |
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www.stlouisfed.org
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| | | | | Although the national debt has grown exponentially over the past 12 years, causing concern for many, it does have its uses-especially in the U.S. Treasury market. | |
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libertystreeteconomics.newyorkfed.org
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| | | The debate about the natural rate of interest, or r*, sometimes overlooks the point that there is an entire term structure of r* measures, with short-run estimates capturing current economic conditions and long-run estimates capturing more secular factors. The whole term structure of r* matters for policy: shorter run measures are relevant for gauging how restrictive or expansionary current policy is, while longer run measures are relevant when assessing terminal rates. This two-post series covers the ev... | ||